Gold Futures Maintain Bullish Momentum, Analysts Predict Further Gains

According to Odaily, RHB Retail Research analyst Joseph Chai has observed a strong upward trend in New York Mercantile Exchange gold futures based on daily chart analysis. Chai noted that gold prices closed above the $3,200 per ounce resistance level on Friday, confirming ongoing bullish pressure. The analyst highlighted that the Relative Strength Index has surpassed the 50% threshold, indicating accelerating bullish momentum. Furthermore, Chai stated that the bullish structure remains intact as gold futures continue to trade above the 20-day and 50-day simple moving averages source: https://www.binance.com/en/square/post/22899107433241?utm_source=BinanceNewsRSS